If the seller just placed some random tenants in order to have the place occupied for the sale, or if the tenants are bad tenants with a poor payment history or in need of eviction it would subtract value.

I've done my best to start calculating the numbers for properties I'm looking at in my spare time, but I don't feel comfortable making a deal when so many deals appear to be bad on paper.

You can't collect money from someone that doesn't have it and if your on month to month you can kick a bad tenant out easier.

I feel would give mea bad reputation in my community and does not reflect my business model or company image.

If they feel you flake or something goes bad, they WILL end up with a property at, many times, a better deal then what you paid.Last, Mr Hammonds, if some seller actually walked away from a 45K loan (less than, and fees) and after some fix up, and the FMV was 75K or so, the seller was a lazy.

Following that I signed up with other agencies and now I do about 10-15 a week- I here that other RA are doing alot more but I am in a pricey area and our market although very slow is not as bad as some of the other states where REO's are running the market.

It's a very specific taste and buyers have a very bad habit of looking at furniiture instead of the actual house.

Don't feel too bad. 9 grand on advertising is a drop in the bucket.....

The houses were so badly damaged they were nothing but teardowns.

My point being unless you know the market as well as the appraiser does, how do you know a good deal from a bad deal.